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Tuesday, 07 April 2026
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Use the following Information to answer this question.

Use the following Information to answer this question.
Stock of finished goods: Jan 1stDec 31stStock of Raw materials: Jan 1stDec 31stPurchase of Raw MaterialsManufacturing WagesDepreciation: Factory equipmentDirect expensesFactory FuelCarriage inwards on Raw Materials ₦50,64071,38032,16029,640145,00052,00016,50012,5007,0007,000
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A 220,480
  • B 213,480
  • C 200,480
  • D 190,000
Correct Answer: Option A
Explanation:
Cost of Raw material consumedManufacturing WagesDirect expenses ₦152,60052,86012,500
 220,480

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